Page 15 - Punjab National Bank

PNB Housing to seek shareholders' nod to raise Rs 45,000 cr through NCDs

Bonds/non-convertible debentures constitute significant portion of company's total borrowings, says state-owned lender

PNB reports fraud of Rs 3,688.58 cr in DHFL account; stock slumps 7%

Shares of DHFL, meanwhile, tanked 4.8 per cent in the intra-day trade to hit a day's low of Rs 14.9 apiece on the BSE

PNB gets board go-ahead to tap market for raising Rs 10,000 crore

The Government of India currently holds 85.59 per cent stake in the bank.

Punjab National Bank reports fraud of Rs 3,688.58 cr in DHFL account

The bank has already made provisions amounting to Rs 1,246.58 crore, as per prescribed prudential norms, it added

MARKET WRAP: Indices rally for 5th straight day, Sensex ends 187 pts higher

All that happened in the markets today

PNB says board will consider a proposal to raise capital on July 9

Besides, the board will clear opening balance sheet of the amalgamated bank as on April 1

PNB chief hopeful of RBI allowing one-off loan restructuring by October

Rao also said that the normalcy is still too far which is making it difficult to assess the situation of companies in terms of cash-flows

PSBs rally post SBI March quarter results; Nifty PSU Bank index up 7%

SBI, Jammu & Kashmir Bank, Punjab National Bank, Bank of Baroda, Canara Bank and Indian Bank were all up in the range of 7 per cent to 10 per cent on the NSE

No plans to sell non-core assets, sale of real estate on cards: PNB Chief

PNB has a number of associates like PNB Housing Finance Ltd with 32.65 per cent stake and PNB MetLife with 30 per cent shares

Moratorium hides asset health of PSBs, helps banks post lower NPAs

On aggregate basis, gross NPA ratio of 8 PSBs declined by 132 bps

Covid-19 crisis: Indian banks operating in UK cautiously optimistic

Boris Johnson announced further relaxations in lockdown enforced due to Covid-19 pandemic

Indian banks' overseas business grows 7.5-43.1% in FY20, shows data

In FY19, lenders had seen a contraction in global loan book after letters of comfort were discontinued

United Bank of India, OBC slipped into red before merger with PNB

While UBI posted a net loss of around Rs 6,700 crore in the quarter ending March 2020 (Q4FY20), OBC logged a net loss of around Rs 2,700 crore, an executive said, requesting anonymity.

Credit growth will come from retail, MSMEs: SS Mallikarjuna Rao, PNB MD

"MSMEs are working hard to come back to normalcy. We expect a robust comeback from them in October, particularly in some sectors"

Punjab National Bank reports a pre-tax loss of Rs 969 crore in Q4

The lender reported a net loss of Rs 697 crore in Q4FY20 before completing the amalgamation process, as it posted a second continuous quarterly loss.

MARKET WRAP: Indices extend gains, Sensex up 524 pts as RIL surges over 6%

All that happened in the markets today

Market Ahead, June 19: Top factors that could guide markets today

The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues

UV Asset Reconstruction permitted to sell Aircel's spectrum rights

The order is on the resolution plan for Aircel and its subsidiaries Dishnet Wireless and Aircel Cellular.

PNB extends credit line of Rs 750 cr for Gorakhpur Link Expressway

The 91-km expressway will connect Gorakhpur district, the pocket borough of Chief Minister Yogi Adityanath, with another expressway project, the 340-km Purvanchal Expressway.

PNB collects Rs 268 cr as ATM charges, annual maintenance fee in FY20

The public sector lender collected Rs 152.88 crore from customers by levying annual maintenance charges (AMC) on debit cards